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University of Surrey offers voluntary redundancy to all staff.

University of Surrey offers voluntary redundancy to all staff.

The University of Surrey has offered voluntary redundancy to all staff as it seeks to make £15m cuts.

Vice chancellor Max Lu said universities faced "unprecedented pressures", including Brexit and a possible reduction in tuition fees.

Staffing levels will be reduced and £5m could be saved by "not filling all our existing vacancies", he said.

A spokesman refused to say how many jobs were at risk, but said compulsory redundancies could not be ruled out.

Mr Lu said: "Some of the main financial challenges include reduced income due to Brexit and an ever more competitive student recruitment environment, significantly increasing pension costs and a national review of tuition fee levels."

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